AML Quality Control Senior Analyst

Western Alliance Bank•Phoenix, AZ

About The Position

The AML Quality Control Senior Analyst conducts quality control reviews of Financial Crimes Compliance (FCC) processes and work product to assess compliance with BSA/AML/OFAC policies and procedures and effectiveness in meeting objectives. Under the direction of the FCC Quality Control Manager, the analyst independently collects, analyzes, tests, and reports review results as part of the ongoing second-line testing environment, documenting findings and escalating issues for additional analysis and resolution. The role advises lines of business on complex compliance or procedural matters, validates that corrective actions address identified exceptions, and provides direction to Lending, Operations, and Support areas to promote effective BSA/AML/OFAC and Corporate Security compliance. The analyst also assists with audit and regulatory examination materials, activity reports, special projects, and the development of new or revised procedures, methods, and forms for KYC, AML, BSA, and Corporate Security functions. Other duties may be assigned by the FCC QC Manager.

Requirements

Five or more years of BSA/AML/OFAC/Fraud compliance experience, with a focus on testing or audit-related experience.
Bachelor's degree or equivalent experience required.
Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services.
Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
Intermediate to advanced knowledge of BSA/AML/KYC regulations and best practices, including KYC, CIP, EDD, transaction monitoring, OFAC, and fraud.
Knowledge of transaction types across commercial and consumer products, including deposit, lending, ACH, ATM, RDC, and correspondent banking.
Intermediate computer operational skills, including Microsoft Office applications and Excel formulas.
Intermediate experience using transaction monitoring and/or case management systems or software.
Strong organizational, communication, and interpersonal skills to work with all levels of management.
Ability to identify, communicate, and document issues and determinations, and to interpret documented processes and related FCC, Operational, and Lending policies or procedures.
Knowledge of internal control analyses and risk assessment methodologies, FFIEC guidelines, OFAC, and Corporate Security requirements.

Nice To Haves

Bachelor's degree in a related field preferred.
CAMS certification preferred; Senior Analysts must be able to obtain it within two years.

Responsibilities

Conduct quality control testing of Financial Crimes Compliance processes and work product for policy and procedure compliance and effectiveness in meeting objectives.
Collect, analyze, test, and report the results of QC reviews.
Identify, document, and communicate compliance or procedural findings through Excel worksheets, written reports, and verbal discussions with management and lines of business.
Escalate findings appropriately for additional analysis and resolution.
Independently validate that corrective actions taken by business units properly address exceptions.
Advise lines of business on compliance matters, including complex situations that may involve multiple business units.
Provide direction to Lending, Operations, and Support areas to promote effective BSA/AML/OFAC and Corporate Security compliance.
Assist the FCC Quality Control Manager with activity reports, audit material preparation, and special projects.
Support FCC management in developing new or revised procedures, methods, and forms related to KYC, AML, BSA, and Corporate Security functions.
Complete other duties or responsibilities assigned by the FCC QC Manager.